“For current board leadership and management to put the Comprehensive Master Plan (CMP) into action, the vote to amend the declaration and articles of incorporation must be successful. As there are strong concerns regarding the feasibility of the CMP and its economic impact on property owners, Cooper Communities recommend a “NO” vote on all proposed amendments.” – John Cooper
Cooper Communities, Inc., believes the CMP and any amendment that facilitate the plan are bad for Hot Springs Village. We have deep reservations about enabling language that gives more control to the CEO and board of directors. We are especially concerned with amendments that give authority to the POA to become the developer, which is far outside of its purpose, scope, or responsibility. Simply stated, POA leadership does not have the experience to play developer. It is inappropriate for the current leadership to invest your assessment dollars in real estate development, particularly using as guide a CMP that makes false assumptions and asserts unachievable outcomes. It’s too late to recoup the $500,000 spent on the CMP. It’s not too late to avoid a waste of your assessment dollars.
CCI is speaking out publicly because of our concern and commitment to members and Hot Springs Village – a community built from my grandfather’s vision. Residents and non-residents alike will be deeply impacted by the proposed amendments. A ‘NO’ vote will slow the process down and allow members to continue to ask questions, voice concerns, and talk collectively about the type of community you all want Hot Springs Village to be.
If these amendments were to pass and the CMP into action, the power will be held primarily by the POA and Board of Directors (Board.) A vote “no,” keeps the power evenly distributed among property owners, the POA/BOD and CCI for the benefit of keeping Hot Springs Village a community, not a municipality.
The following are the amendments most problematic to the future of the community of Hot Springs Village.